The Asia Pacific Robotics as a Service Market would witness market growth of 17.1% CAGR during the forecast period (2022-2028).
Laundry robots, inspection robots, unmanned surface vehicles (USVs), construction robots, telepresence robots, agricultural robots, remotely operated vehicles (ROVs), robotic kitchens, and exoskeletons are a few examples of RaaS's professional applications. In addition, modern tools like artificial intelligence are attached to these robots to enhance their capabilities in the logistics and defense sectors. For example, these robots are used in the logistics industry for various duties, including handling, sorting, packaging, transportation, and delivery.
The cost of manufacturing robots has greatly decreased due to the quick development of technology and the increase in robot production. The average price of a robot has dropped in the last 30 years by approximately half in real terms and significantly more when compared to labor expenditures. Additionally, it is projected that the production of robots would relocate to low-cost locations, further lowering the manufacturing cost due to the increased demand for robotics from emerging nations.
Due to the extensive deployment of the automotive and electronic manufacturing industries, China and South Korea are influential in using robots. China, which is important to the automotive sector, has seen rapid growth in the automobile industry. The Chinese government sees the country's automotive industry, which includes the auto components business, as one of the main pillar sectors. Government agencies intend to use robots more frequently in the workforce as a result of the elderly demographic in the region. For instance, to determine which areas of public housing blocks require cleaning, the Housing Development Board of Singapore plans to use autonomous drones or robots. By concentrating primarily on the filthy areas, the main goal is to use less water to clean. All these elements are significantly aiding the rise of robotics as a service market in the region.
The China market dominated the Asia Pacific Robotics as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $299.6 million by 2028. The Japan market is estimated to grow a CAGR of 16.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 17.8% during (2022 - 2028).
Based on Application, the market is segmented into Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing, and Others. Based on End User, the market is segmented into Logistics, Automotive, Manufacturing, Food & Beverages, Aerospace & Defense, Retail, Media & Entertainment, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Robotics as a Service Market is Projected to reach USD 3.7 Billion by 2028, at a CAGR of 16.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Berkshire Grey, Inc., Kuka AG (Midea Investment Holding Co., Ltd.), Cyberdyne, Inc., Knightscope, Inc., Locus Robotics, Exotec SAS, Caja Robotics, Hirebotics, Cobalt Robotics and Relay Robotics, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Handling
- Assembling & Disassembling
- Welding & Soldering
- Dispensing
- Processing
- Others
By End User
- Logistics
- Automotive
- Manufacturing
- Food & Beverages
- Aerospace & Defense
- Retail
- Media & Entertainment
- Healthcare
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Berkshire Grey, Inc.
- Kuka AG (Midea Investment Holding Co., Ltd.)
- Cyberdyne, Inc.
- Knightscope, Inc.
- Locus Robotics
- Exotec SAS
- Caja Robotics
- Hirebotics
- Cobalt Robotics
- Relay Robotics, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Robotics as a Service Market, by Application
1.4.2 Asia Pacific Robotics as a Service Market, by End User
1.4.3 Asia Pacific Robotics as a Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Recent Industry Wide Strategic Developments
3.1.1 Partnerships, Collaborations and Agreements
3.1.2 Product Launches and Product Expansions
3.1.3 Acquisition and Mergers
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2020, Feb – 2023, Jan) Leading Players
Chapter 4. Asia Pacific Robotics as a Service Market by Application
4.1 Asia Pacific Handling Market by Country
4.2 Asia Pacific Assembling & Disassembling Market by Country
4.3 Asia Pacific Welding & Soldering Market by Country
4.4 Asia Pacific Dispensing Market by Country
4.5 Asia Pacific Processing Market by Country
4.6 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Robotics as a Service Market by End User
5.1 Asia Pacific Logistics Market by Country
5.2 Asia Pacific Automotive Market by Country
5.3 Asia Pacific Manufacturing Market by Country
5.4 Asia Pacific Food & Beverages Market by Country
5.5 Asia Pacific Aerospace & Defense Market by Country
5.6 Asia Pacific Retail Market by Country
5.7 Asia Pacific Media & Entertainment Market by Country
5.8 Asia Pacific Healthcare Market by Country
5.9 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Robotics as a Service Market by Country
6.1 China Robotics as a Service Market
6.1.1 China Robotics as a Service Market by Application
6.1.2 China Robotics as a Service Market by End User
6.2 Japan Robotics as a Service Market
6.2.1 Japan Robotics as a Service Market by Application
6.2.2 Japan Robotics as a Service Market by End User
6.3 India Robotics as a Service Market
6.3.1 India Robotics as a Service Market by Application
6.3.2 India Robotics as a Service Market by End User
6.4 South Korea Robotics as a Service Market
6.4.1 South Korea Robotics as a Service Market by Application
6.4.2 South Korea Robotics as a Service Market by End User
6.5 Singapore Robotics as a Service Market
6.5.1 Singapore Robotics as a Service Market by Application
6.5.2 Singapore Robotics as a Service Market by End User
6.6 Malaysia Robotics as a Service Market
6.6.1 Malaysia Robotics as a Service Market by Application
6.6.2 Malaysia Robotics as a Service Market by End User
6.7 Rest of Asia Pacific Robotics as a Service Market
6.7.1 Rest of Asia Pacific Robotics as a Service Market by Application
6.7.2 Rest of Asia Pacific Robotics as a Service Market by End User
Chapter 7. Company Profiles
7.1 Berkshire Grey, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 Kuka AG (Midea Investment Holding Co., Ltd.)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent Strategies and Developments:
7.2.5.1 Partnerships, Collaborations & Agreements:
7.3 Cyberdyne, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Research & Development Expenses
7.4 knightscope, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Research & Development Expenses
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Acquisition and Mergers:
7.5 Locus Robotics
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Acquisition and Mergers:
7.6 Exotec SAS
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Product Launches and Product Expansions:
7.7 Caja Robotics
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Hirebotics
7.8.1 Company Overview
7.9 Cobalt Robotics
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.10. Relay Robotics, Inc.
7.10.1 Company Overview
TABLE 1 Asia Pacific Robotics as a Service Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Robotics as a Service Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Robotics as a Service Market
TABLE 4 Product Launches And Product Expansions– Robotics as a Service Market
TABLE 5 Acquisition and Mergers– Robotics as a Service Market
TABLE 6 Asia Pacific Robotics as a Service Market by Application, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Robotics as a Service Market by Application, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Handling Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Handling Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Assembling & Disassembling Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Assembling & Disassembling Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Welding & Soldering Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Welding & Soldering Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Dispensing Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Dispensing Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Processing Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Processing Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Robotics as a Service Market by End User, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Robotics as a Service Market by End User, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Logistics Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Logistics Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Automotive Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Automotive Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Retail Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Retail Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 36 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 38 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 39 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 40 Asia Pacific Robotics as a Service Market by Country, 2018 - 2021, USD Million
TABLE 41 Asia Pacific Robotics as a Service Market by Country, 2022 - 2028, USD Million
TABLE 42 China Robotics as a Service Market, 2018 - 2021, USD Million
TABLE 43 China Robotics as a Service Market, 2022 - 2028, USD Million
TABLE 44 China Robotics as a Service Market by Application, 2018 - 2021, USD Million
TABLE 45 China Robotics as a Service Market by Application, 2022 - 2028, USD Million
TABLE 46 China Robotics as a Service Market by End User, 2018 - 2021, USD Million
TABLE 47 China Robotics as a Service Market by End User, 2022 - 2028, USD Million
TABLE 48 Japan Robotics as a Service Market, 2018 - 2021, USD Million
TABLE 49 Japan Robotics as a Service Market, 2022 - 2028, USD Million
TABLE 50 Japan Robotics as a Service Market by Application, 2018 - 2021, USD Million
TABLE 51 Japan Robotics as a Service Market by Application, 2022 - 2028, USD Million
TABLE 52 Japan Robotics as a Service Market by End User, 2018 - 2021, USD Million
TABLE 53 Japan Robotics as a Service Market by End User, 2022 - 2028, USD Million
TABLE 54 India Robotics as a Service Market, 2018 - 2021, USD Million
TABLE 55 India Robotics as a Service Market, 2022 - 2028, USD Million
TABLE 56 India Robotics as a Service Market by Application, 2018 - 2021, USD Million
TABLE 57 India Robotics as a Service Market by Application, 2022 - 2028, USD Million
TABLE 58 India Robotics as a Service Market by End User, 2018 - 2021, USD Million
TABLE 59 India Robotics as a Service Market by End User, 2022 - 2028, USD Million
TABLE 60 South Korea Robotics as a Service Market, 2018 - 2021, USD Million
TABLE 61 South Korea Robotics as a Service Market, 2022 - 2028, USD Million
TABLE 62 South Korea Robotics as a Service Market by Application, 2018 - 2021, USD Million
TABLE 63 South Korea Robotics as a Service Market by Application, 2022 - 2028, USD Million
TABLE 64 South Korea Robotics as a Service Market by End User, 2018 - 2021, USD Million
TABLE 65 South Korea Robotics as a Service Market by End User, 2022 - 2028, USD Million
TABLE 66 Singapore Robotics as a Service Market, 2018 - 2021, USD Million
TABLE 67 Singapore Robotics as a Service Market, 2022 - 2028, USD Million
TABLE 68 Singapore Robotics as a Service Market by Application, 2018 - 2021, USD Million
TABLE 69 Singapore Robotics as a Service Market by Application, 2022 - 2028, USD Million
TABLE 70 Singapore Robotics as a Service Market by End User, 2018 - 2021, USD Million
TABLE 71 Singapore Robotics as a Service Market by End User, 2022 - 2028, USD Million
TABLE 72 Malaysia Robotics as a Service Market, 2018 - 2021, USD Million
TABLE 73 Malaysia Robotics as a Service Market, 2022 - 2028, USD Million
TABLE 74 Malaysia Robotics as a Service Market by Application, 2018 - 2021, USD Million
TABLE 75 Malaysia Robotics as a Service Market by Application, 2022 - 2028, USD Million
TABLE 76 Malaysia Robotics as a Service Market by End User, 2018 - 2021, USD Million
TABLE 77 Malaysia Robotics as a Service Market by End User, 2022 - 2028, USD Million
TABLE 78 Rest of Asia Pacific Robotics as a Service Market, 2018 - 2021, USD Million
TABLE 79 Rest of Asia Pacific Robotics as a Service Market, 2022 - 2028, USD Million
TABLE 80 Rest of Asia Pacific Robotics as a Service Market by Application, 2018 - 2021, USD Million
TABLE 81 Rest of Asia Pacific Robotics as a Service Market by Application, 2022 - 2028, USD Million
TABLE 82 Rest of Asia Pacific Robotics as a Service Market by End User, 2018 - 2021, USD Million
TABLE 83 Rest of Asia Pacific Robotics as a Service Market by End User, 2022 - 2028, USD Million
TABLE 84 Key Information – Berkshire Grey, Inc.
TABLE 85 Key Information – Kuka AG
TABLE 86 Key Information – CYBERDYNE, INC.
TABLE 87 Key Information – knightscope, Inc.
TABLE 88 Key Information – Locus Robotics
TABLE 89 Key Information – Exotec SAS
TABLE 90 Key Information – Caja Robotics
TABLE 91 Key Information – Hirebotics
TABLE 92 Key Information – Cobalt Robotics
TABLE 93 Key Information – Relay Robotics, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 3 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2020, Feb – 2023, JAn) Leading Players
FIG 4 Recent strategies and developments: Berkshire Grey, Inc.
FIG 5 Recent strategies and developments: Locus Robotics